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Beginner's Tips
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AlHashim

Member Since Feb 12, 2019  10 posts AlHashim Feb 21 at 10:45
My top tip is to use a demo account for as long as you can bear. At least 3 months. Learn - demo - earn that should be your plan

Imamul

Member Since Aug 09, 2017  324 posts Imamul Feb 24 at 07:33
For me, Forex doesn’t mean unlimited profit! Now I am making only 10% profit (in average) with my 5 years trading experience! BY the way, yes I am happy on my trading performance!

RedSox

Member Since Oct 08, 2018  10 posts RedSox Feb 24 at 07:47
3 months is too long. Just do it for a week. Then move to micro account. It is much better for learning. Only when money is involved do you take trading seriously. That is how pros learn. They use a small account and then learn properly

jamesgwyther

Member Since Aug 05, 2017  233 posts jamesgwyther Feb 24 at 08:18
AlHashim posted:
My top tip is to use a demo account for as long as you can bear. At least 3 months. Learn - demo - earn that should be your plan


I would say even longer.

Imamul

Member Since Aug 09, 2017  324 posts Imamul Feb 24 at 10:51
There is anybody who has 0 pips trading spreads , as a scalper now I am looking for 0 pips trading spreads which is the key to success for scalping that brings profit in a short time than other trading strategies in Forex.

Treeny

Member Since Feb 08, 2019  80 posts Treeny Feb 24 at 13:50
Imamul posted:
There is anybody who has 0 pips trading spreads , as a scalper now I am looking for 0 pips trading spreads which is the key to success for scalping that brings profit in a short time than other trading strategies in Forex.


Do a facebook/google search for ECN brokers

Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Feb 24 at 22:25
RedSox posted:
3 months is too long. Just do it for a week. Then move to micro account. It is much better for learning.



Telling a new trader to start trading a live account after only a week is absurd. That is an absolutely a horrible idea.


RedSox posted:
Only when money is involved do you take trading seriously.


Nonsense.
I personally know several new traders that take their trading education very seriously and they trade on demo accounts right now.



RedSox posted:
That is how pros learn. They use a small account and then learn properly


No. This is NOT how pros learn.

Professional traders study and practice on demo until they have fully mastered their strategy where they can consistently generate a steady profit over a reasonable period of time.

Pro traders also understand the importance of money management, which also includes NOT trading on live if you don't know what you're doing.

Please refrain from giving bad advice to new traders.



If it looks too good to be true, it's probably a scam! Let the buyer beware.
Mohammadi

Member Since Aug 11, 2017  550 posts Mohammadi Feb 26 at 10:26
The best broker is a broker which for all time makes sure security of funds at any deposits with a wide range of trading technologies. And any best broker does not restrict any kinds of trading techniques with scalping and hedging.

HumbertB

Member Since Feb 18, 2019  8 posts HumbertB Mar 03 at 06:40
My top tip would be to take it slow. Do not rush your education , demo trading or anything else. If it takes a year before you even start on demo then that is fine. This is all about the long term. Stick with it and you will get there

Imamul

Member Since Aug 09, 2017  324 posts Imamul Mar 07 at 08:11
The beginners should learning it a common thing , your learning process will be valueless until make sure a great place for practicing practically. Demo account can be chosen for that.

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